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The U.S. Department of Homeland Security said on Monday that
The U.S. Department of Homeland Security said on Monday that it was investigating how the downed network came to an end. It had also issued a warning to all U.S. and foreign governments that the Internet will be disrupted. "We are working with our local authorities, local business owners and other stakeholders to identify and protect the infrastructure," a DHS spokeswoman said in a statement.
The outage is also affecting the US and other nations in the region.
US Pacific Command said the power would be restored to the islands as of Monday morning and no power would be lost to the mainland, but that no information was available on the cause.
The incident comes on the heels of a similar incident in the US on Oct. 21 when a US Navy ship broke its bow and broke the cables. The US Navy is currently repairing the damage.The U.S. Treasury Department on Tuesday said it will reduce its investment in the Canadian dollar for the next three years amid warnings of an oversupply.
The announcement comes a day after the U.S. said Canada's government was making the capital out of its Canadian dollar holdings.
The move means the federal government will have to pay back its money to Canada for the next three years, the bank said in a statement.
"This decision represents the final step in our work to strengthen the Canadian dollars and ensure a stable and stable currency," the bank said.
The central bank said it's looking at whether the government can offer greater discounts on its Canadian dollar holdings, which hold just under 10 per cent of the total Canadian dollar holdings.
Related: Canada's government says that it will sell its Canadian dollar holdings in three years
"Canadian citizens are also receiving the same benefit as Canadians as a result of the government's recent decision to sell its Canadian dollar holdings in the first half of 2014," the bank said.
The move comes as the government seeks to shore up its financial credibility by raising interest rates in the months ahead.
The Bank of Canada has said it expects the Canadian dollar to decline by about 2 per cent this year from its current level of $1.28 to just over $1.25 an ounce.
The government's announcement comes as the U.S. Treasury Department is looking at whether Canada should continue to be a member of the euro zone and the European Union.
The U.S. announced on Tuesday it would increase its investment in Canadian dollars for the next three years following
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